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Community West Bancshares  (CWBC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $14.9100 $0.12 0.811%
Day's High: $15.1 Week Perf: -1.06 %
Day's Low: $ 14.82 30 Day Perf: 7.65 %
Volume (M): 26 52 Wk High: $ 17.66
Volume (M$): $ 386 52 Wk Avg: $13.45
Open: $15.10 52 Wk Low: $10.38



 Market Capitalization (Millions $) 134
 Shares Outstanding (Millions) 9
 Employees 107
 Revenues (TTM) (Millions $) 49
 Net Income (TTM) (Millions $) 10
 Cash Flow (TTM) (Millions $) 89
 Capital Exp. (TTM) (Millions $) 0

Community West Bancshares
Community West Bancshares, incorporated under the laws of the state of California, is a bank holding company providing full service banking through its wholly-owned subsidiary Community West Bank, N.A..

Through its wholly owned bank, the Company provides a variety of financial products and services to customers including lending and deposit products. The Company has primarily focused on meeting the needs of professionals, small to mid-sized businesses and individual households.The Company has a financing program for manufactured housing to provide affordable home ownership.

These loans are offered in approved mobile home parks throughout California primarily on or near the coast. The parks must meet specific criteria. The manufactured housing loans are secured by the manufactured home and are retained in the Company’s loan portfolio.

The Company has an agricultural lending program for agricultural land, agricultural operational lines, and agricultural term loans for crops, equipment and livestock. The primary product is supported by guarantees issued from the U.S. Department of Agriculture (“USDA”), Farm Service Agency (“FSA”), and the USDA Business and Industry loan program. The FSA loans typically issue a 90% guarantee up to $1,392,000 (amount adjusted annually based on inflation) for up to 40 years.

CWB is an approved Federal Agricultural Mortgage Corporation (“Farmer Mac”) lender under the Farmer Mac I and Farmer Mac II Programs. Under the Farmer Mac I Program, loans are sourced by CWB, underwritten, funded and serviced by Farmer Mac. CWB receives an origination fee and an ongoing field servicing fee for maintaining the relationship with the borrower and performing certain loan compliance monitoring, and other duties as directed by the Central Servicer. The Farmer Mac II Program was authorized by Congress in 1991 to establish a uniform national secondary market for originators and investors using the USDA guaranteed loan programs. Under this program, CWB will sell the guaranteed portions of USDA loans directly to Farmer Mac’s subsidiary, Farmer Mac II LLC, services the loans, and retains the unguaranteed portions of those loans in accordance with the terms of the existing USDA guaranteed loan programs. Eligible loans include FSA and Business and Industrial loans. To participate in the program, CWB was subject to the requirement of purchasing 2,000 shares of Farmer Mac Class A Stock (“AGM”).

CWB has been a preferred lender/servicer of loans guaranteed by the Small Business Administration (“SBA”) since 1990. The Company originates SBA loans which can be sold into the secondary market. The Company continues to service these loans after sale and is required under the SBA programs to retain specified amounts. The two primary SBA loan programs that CWB offers are the basic 7(a) Loan Guaranty (“SBA 7(a)”) and the Certified Development Company (“CDC”), a Section 504 (“504”) program.

The SBA 7(a) serves as the SBA’s primary business loan program to help qualified small businesses obtain financing when they might not be eligible for business loans through normal lending channels. Loan proceeds under this program can be used for most business purposes including working capital, machinery and equipment, furniture and fixtures, land and building (including purchase, renovation and new construction), leasehold improvements and debt refinancing. Loan maturity is generally up to 10 years for working capital and up to 25 years for fixed assets. The 7(a) loan is approved and funded by a qualified lender, guaranteed by the SBA and subject to applicable regulations. In general, the SBA guarantees up to 85% of the loan amount depending on loan size. The Company is required by the SBA to retain a contractual minimum of 5% on all SBA 7(a) loans. The SBA 7(a) loans are typically variable interest rate loans.

The 504 program is an economic development-financing program providing long-term, low down payment loans to expanding businesses. Typically, a 504 project includes a loan secured from a private-sector lender with a senior lien, a loan secured from a CDC (funded by a 100% SBA-guaranteed debenture) with a junior lien covering up to 40% of the total cost, and a contribution of at least 10% equity from the borrower. Debenture limits are $5.0 million for regular 504 loans and $5.5 million for those 504 loans that meet a public policy goal.

The Company exited the lending market for conforming residential real estate loans sold into the secondary market to focus on the manufactured housing sector.

State banking law generally limits the amount of funds that a bank may lend to a single borrower. Under federal law, the unsecured obligations of any one borrower to a national bank generally may not exceed 15% of the sum of the bank’s unimpaired capital and unimpaired surplus; and the secured and unsecured obligations of any one borrower to a bank generally may not exceed 25% of the unimpaired capital and unimpaired surplus.




   Company Address: 445 Pine Avenue Goleta 93117 CA
   Company Phone Number: 692-5821   Stock Exchange / Ticker: NASDAQ CWBC
   CWBC is expected to report next financial results on March 30, 2024.


Customers Net Income fell by CWBC's Customers Net Profit Margin fell to

-6.33 %

17.2 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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MTB   -1.61%    
NTRS        1.27% 
• View Complete Report
   



Community West Bancshares

Sliding EPS Blamed on Weak Demand: Community West Bancshares Financial Report

Community West Bancshares, the parent company of Community West Bank, recently reported its financial results for the fiscal quarter ending September 30, 2023. The company's earnings per share dropped by 35.9% to $0.25 per share compared to the same period last year. This decline in earnings is attributed to a decrease in revenue of 7.522% to $11.56 million. In contrast, the average Regional Banks industry experienced a top-line gain during the same period.
During the previous reporting period, Community West Bancshares recorded revenue of $11.85 million and a bottom line of $0.24 per share. The company's earnings for the current reporting period fell by 35.25% to $2.252 million, compared to $3.478 million in the corresponding period last year.

Community West Bancshares

Community West Bancshares Hits Revenue High, but Faces Earnings Decline in Q2 2023

During the past week, Community West Bancshares stock experienced a decline of -2.38%. This decrease has contributed to the company's year-to-date performance, which currently stands at -11.12%. Despite these recent fluctuations, Community West Bancshares stock is still trading 26.3% above its 52-week low.
However, a closer look at the financial reports reveals some concerning trends. In the second quarter of 2023, the company experienced a -20% reduction in income compared to the same period the previous year. Although there was a revenue growth of 0.356%, it was not enough to offset this income decline. The financial report showed revenues of $11.85 million and earnings per share (EPS) of $0.24.

Community West Bancshares

headline: Community West Bancshares Reports Significant EPS Contraction in Troubled First Quarter of 2023 Earnings Season

As the first quarter of 2023 draws to a close, there is concerning news regarding Community West Bancshares. The accounts receivable turnover ratio remained unchanged at 0.06, indicating a challenging financial environment. It is clear that they are struggling to collect payments owed to them, and this should be a cause for alarm.
In addition, the average collection period for accounts receivable was stagnant at 6083 days, portraying a bleak business outlook. The company's overall ranking had deteriorated in relation to the fourth quarter of 2022, falling from 2889 to 3040. This is yet another worrying sign that Community West Bancshares is in a dire financial position.






 

Community West Bancshares's Segments
 
 
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